RBA changes ESA Policy: will fintechs or tech giants benefit?
The ESA changes, whilst paving the way for fintechs to compete on a more even playing field, do not stipulate any restrictions on multinational tech giants
Australian fintech investment subdued in H1’19, as market pauses ahead of future growth: KPMG Pulse of Fintech
While IPOs are not tracked by the Pulse of Fintech report, it noted Australia has been an exception when it came to fintech IPOs.
Australian draft bill excludes digital currency from new cash payment limit
This makes it difficult to apply the cash payment limit in a way that would not largely prevent the use of digital currency in Australia.
Facebook warns investors that Libra may never see the light of day
Facebook reminded investors that while it expects to launch its Libra digital currency in 2020, a number of factors could keep that from happening.
Major banks could face challenges from big tech with updated Reserve Bank rules
The Reserve Bank of Australia has thrown open the gate for technology companies to enter the payments space and challenge the big four banks’ oligopoly.
HUB24 launches multi-currency functionality in managed portfolios
HUB24 has added multi-currency functionality to its market-leading platform.
Fintech lenders should band together to break the big 4 monopoly: loans.com.au
Leading Australian online lender loans.com.au has called on Fintech Lenders to put aside their differences and work together to beat the Big Four banks.
Australian FinTech company profile #35 – MoneyMe
MoneyMe was founded by two former telco executives with a strong vision: creating innovative solutions to traditional credit in Australia.
